2638 NEW ORLEANS Street New Orleans, LA 70119
Other
MLS #: 2516807
Courtesy Of Quintessential Realty, LLC
Property InformationDescription
One property, four income streams, endless opportunity. Prime investment opportunity Located in the 7th w/d featuring both income-producing and value-add potential. Liquor License. The ground floor commercial space is currently operating as a bar with rental income of $1,600/month, with market potential up to $2,500/month. This versatile space includes two bathrooms and a full kitchen, easy conversion into a restaurant or other food/beverage concept. Upstairs, you ll find two 2-bedroom, 1-bath units both in need of renovation each with a projected rental income of $1,375/month after updates. Additionally, the property includes a separate 1-bedroom studio unit in a stand-alone house, potential rent $1,000/month -need renovations. With multiple income streams and opportunities to increase rental rates, this property is investors looking to maximize returns in a sought-after location.
Features
- Architecture Style: Other
- Exterior Type: Stucco
- Exterior Type: Wood Siding
- Floors: 2
- Legal Description: SQ 1505 LOT 14 NEW ORLEANS AND HOPE 31 X 104 2/STORY BLDG - BAR DOWN AND 2/APTS 4/R EA SIDE AND SGLE/ FR 4/RM UP A/R SEE E REC
- MLSID: 2516807
- Rooms: Living Room
MAP & DIRECTIONS
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